Thursday, 29 April 2021 06:50

Latham & Watkins and Vinson & Elkins top M&A legal advisers by value and volume in oil & gas sector for Q1 2021, finds GlobalData

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Latham & Watkins and Vinson & Elkins were the top mergers and acquisitions (M&A) legal advisers in the oil & gas sector for Q1 2021 by value and volume, respectively. Latham & Watkins advised on six deals worth US$14.6bn, which was the highest value among all the advisers. Meanwhile, Vinson & Elkins led in the volume terms having advised on 11 deals worth US$12.8bn. A total of 352 M&A deals were announced in the sector during Q1 2021, according to GlobalData, a leading data and analytics company.

According to GlobalData’s report, ‘Global and Oil & Gas M&A Report Legal Adviser League Tables Q1 2021’, deal value for the sector increased by 66.7% from US$39bn in Q1 2020 to US$65bn in Q1 2021.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Latham & Watkins and Vinson & Elkins were among the only five advisors that managed to surpass the US$10bn mark, while Vinson & Elkins was the only firm to advise on more than 10 deals.

“Both these firms also advised on some of the high-value transactions but Vinson & Elkins LLP advised on two billion-dollar deals while Latham & Watkins managed to advise on three billion-dollar deals, which also helped it occupy the top position by value.”

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Baker Botts occupied the second position in terms of value with six deals worth US$14bn followed by Burnet Duckworth & Palmer with three deals worth US$13.2bn. Vinson & Elkins occupied the fourth position by value.

Kirkland & Ellis occupied the second position by volume with eight deals worth US$1.4bn. Latham & Watkins occupied the third position by volume followed by Baker Botts.

  • Quotes are provided by Aurojyoti Bose, Lead Analyst at GlobalData
  • The information is based on GlobalData’s Financial Deals Database
  • This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts

Methodology for League Tables

GlobalData league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.

To ensure further robustness to the data, the company also seeks submissions from leading advisers, through an adviser submission forms on GlobalData, which allows both legal and financial advisers to submit their deal details.

For league tables, we have considered M&A including asset transactions, venture capital and private equity deals where advisors were involved.

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

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